Overview

Description

We are pleased to present this absolute NNN McDonald’s Ground Lease situated on over 50,000 SF of land in Pascagoula, MS. The lease structure leaves zero landlord responsibilities for the Landlord. Built in 2000, McDonald’s has been at this location successfully for nearly 25 years and renegotiated their option rent from FMV to fixed increases upon the expiration of the primary term, showing they know their rent is well below market. They also completely remodeled and upgraded the building showing commitment to the location. The analysis assumes Tenant will utilize the next auto option extension by lack of notice by Tuesday April 23, 2024 which would feature 5.5 years of term remaining with a 12.5% rent increase in each of the two remaining 5-year renewal options.  The Property is corporately guaranteed by McDonald’s an investment grade tenants with S&P Credit Score of BBB+.


This McDonald’s is located on Hard Corner at the signalized intersection of Jackson Avenue and Market Street. It is located less than half miles away from Pascagoula High School, a highly rated public school with more than 1,400 students. The area is affluent, with an average household income of nearly $70,000 within a 1-mile radius of the site. Listed in conjunction with MS Broker of Record Bang Realty.



Absolute NNN Ground Lease | Zero Landlord Responsibilities with 5.5 years left
Newly Remodeled and Modernized Store | This shows commitment to the location and high probability of continued renewals
Industry Leading Tenant Worldwide | Iconic Brand Ranked #1 Burger Chain in the U.S. - Legacy Asset
Strategically Located Real Estate | located on Hard Corner at the signalized intersection of Jackson Avenue and Market Street.

Documents

---